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Aussie Broadband Limited (ASX:ABB)

ALERT: Price-sensitive ASX Announcement for ABB
Current share price for ABB : $4.900 -0.33 (-6.31%)+
Announcement
Release
23 Feb 2026 9:31AM
Price at Release
$5.230
Full Release
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Summary
Aussie Broadband Limited (ASX: ABB) announced the acquisition of Nexgen Investment Group Pty Limited for $44.1 million, with an additional earn-out of up to $5.9 million, contingent on meeting EBITDA targets by FY26 or FY27. Nexgen is a provider of advanced business communication solutions, and its acquisition will expand Aussie Broadband's SME market capabilities, providing modern telephony solutions and a new AI product set. The acquisition, expected to complete by March 2026, enhances Aussie Broadband's product range and national reach, and is projected to generate significant cost synergies within two years. Nexgen will remain a standalone entity with limited integration.
Key Points
  • Aussie Broadband to acquire Nexgen for $44.1 million.
  • Earn-out of up to $5.9 million subject to EBITDA targets.
  • Nexgen forecast to generate $8.1 million EBITDA in FY26.
  • Expected cost synergies of $2-$4 million annually.
  • Acquisition to enhance SME telephony and AI solutions.
  • Completion anticipated by March 2026.
  • Acquisition funded by cash and undrawn debt facilities.
  • Nexgen to operate as a standalone entity post-acquisition.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.